 | | Re: Proxy ratcheting: How do auction systems work? —Steve Bliss
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| | | (...) Ouch! 15% is extreme for a bid increment. So much for me doing much bidding on that site. (...) I would say that overly-large bid increments is a separate problem, but it does help illustrate that no-minimum-increment...-proxy-bid is a Bad (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | | | | Re: Proxy ratcheting: How do auction systems work? —Derick Bulkley
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| | | | (...) Steve, The Serious Collector allows the selling Member to pick the indrement: 5% 10% or 15% - it is not fixed at X%. The selling Member thus controls the speed of the auction, or rather s/he manages how quickly a lot reaches its "ideal" price. (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | | | | | Re: Proxy ratcheting: How do auction systems work? —John DiRienzo
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| | | | | Derick Bulkley wrote in message ... (...) 10% (...) Hey, that's a good thing to know! That large increment was my biggest complaint today regarding SC - if its adjustable, I think that is definitely a step up from any other on-line auction. 15% is (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | | | | | Re: Proxy ratcheting: How do auction systems work? —Steve Bliss
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| | | | (...) That's great! Thanks for pointing this out. Steve (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | | | | | Re: Proxy ratcheting: How do auction systems work? —Mike Stanley
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| | | | (...) That is good to know. So the sellers can shoot themselves in the foot if they're selling high dollar items or they can be smart, but the system doesn't force them to do one thing or the other. I still think making buyers happy is as important (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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